Advance Metals (ASX: AVM) has agreed with Endeavour Silver to earn 100% interest in the high-grade Guadalupe y Calvo gold-silver project in Mexico over four years. Located in the Sierra Madre Occidental, the project has a 2021 resource estimate of 9.5Mt at 2.7g/t AuEq (816,000 oz). Historical drilling shows strong results, including 15m at 16.8g/t Au and 373g/t Ag.
Pinnacle Silver and Gold Corp. reported high-grade assays from underground channel sampling at the Pinos Cuates mine, El Potrero Project, Mexico, with up to 85.1 g/t Au and 520 g/t Ag over 0.5m. Composite assays include 50.3 g/t Au and 269 g/t Ag over 1.7m. The company plans underground drilling to define the mineralized zone’s extent.
Pinnacle Silver and Gold Corp. issued a clarification on July 22, 2025, at CIRO’s request, detailing high-grade underground sampling at El Potrero’s Pinos Cuates mine: up to 85.1 g/t Au and 520 g/t Ag over 0.5m, with composites including 50.3 g/t Au over 1.7m. Plans underground drilling.
Avino Silver & Gold Mines Ltd. reported a 5% increase in Q2 2025 silver equivalent production, reaching 645,602 ounces, with record mill throughput of 190,987 tonnes. Gold and copper production rose 17% and 12%, respectively, despite lower silver output. The company maintains a strong balance sheet with US$37 million in cash and is advancing development at La Preciosa.
Guanajuato Silver Company Ltd. reports high-grade vein intercepts at its San Ignacio Mine, Mexico, including 8.20m true width at 536 g/t AgEq and 1.06m at 2,585 g/t AgEq in the Santo Nino zone. Development work is underway to access these gold-rich areas for mining in 2025, leveraging existing infrastructure for rapid exploitation.
Heliostar Metals Ltd. will restart mining at San Agustin Mine in H2 2025, targeting 45,000 gold ounces from the Corner Area, with a post-tax NPV5% of US$35.25M, IRR of 548%, and CAPEX of US$4.2M at US$3,000/oz gold. Drilling in H2 2025 will focus on oxide and sulphide targets to extend mine life.
Equinox Gold Corp. announces a leadership transition: Greg Smith steps down as CEO and Director, succeeded by Darren Hall, former President and COO. Hall, with 40 years of mining experience, previously led Calibre Mining. David Schummer is appointed COO. The transition marks Equinox Gold’s shift toward operational excellence and growth, leveraging assets like Greenstone and Valentine.
Aura Minerals Inc. (Nasdaq: AUGO, TSX: ORA) announced that S&P Global Ratings upgraded its credit rating outlook to positive from stable, affirming its B+ global and ‘brAA’ Brazilian ratings. The upgrade reflects Aura’s U.S. listing, successful project execution, and high gold prices boosting cash flow. S&P noted potential for further upgrades if Aura grows without increasing leverage. The finance card above shows AUGO at $24.87 and ORA at $89.60.
Kootenay Silver Inc. announced a 2025 drill program at its Columba Project, starting in August with 25,000–30,000 meters to expand the 54.1 Moz silver Inferred Mineral Resource (284 gpt Ag). Fully funded by a $20M financing, the program targets D, F, and B/Lupe Veins. The company also granted 2.5M stock options and 1.5M restricted/deferred share units.
Sierra Madre Gold and Silver Ltd. upsized its private placement to issue 27,858,000 units at $0.70 each, targeting $19,500,600. Each unit includes one common share and half a warrant, exercisable at $0.85 for 12 months. Eric Sprott will participate. The offering, led by Beacon Securities, is set to close July 24, 2025, pending TSX Venture Exchange approval.
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